Looking at our highest timeframe we see price is stuck in a ascending wedge. Price was recently rejected @ 0.00001200 resistance. Higher Low was formed just above 0.00001000. Stochastic RSI showing momentum is heading towards the upside. A daily close above 0.00001250 activates our daily trade.
Shifting over to our pattern timeframe we see price is in a minor uptrend. Minor support @ 0.00001175 seems to be holding. A 4hour close above 0.00001200 activates our 4hour trade. If price does not hold here expect a drop towards 0.00001050, followed by a bounce towards the upside.
Finally looking over at our trigger timeframe we see price as returned to it’s minor breakout support 0.00001175. An hourly close above 0.00001190 activates our hourly trade.
Conclusion
Buy after break and close above 0.00001200 on the 4hour.
